leveraged 44 to 1 and be betting on sovereign debt in europe. leverage is great on the way up, not so good on the way down. i don't get it as a business model, but i think we have to wait and see how the facts come out. >> jimmy? >> so, all right. so we give these banks the money, right? and then we tell them, in t.a.r.p. -- now, there's all this other new stuff. >> t.a.r.p. was the tip. >> to the tip t.a.r.p. >> the t.a.r.p. is what we tossed them as the tip. it's what you tip them at the garage -- >> that was more money. >> that was a $700 billion -- >> with a "b." >> that was the side money so you can go to a party. >> so we gave them more. the whole point was, all right, you've got to go and go loan this money out. >> right. >> i would be -- i would be interested in knowing how much money was loaned out. >> we do know. >> we do? >> the lending was off the cliff, down. >> this is the critical point. >> so why aren't we forcing them to do refinancing of mortgages?
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